27 January 2007

Nokia has evolved into a new beast!

Dr Richard Windsor, analyst at Nomura International today raised his rating on Nokia to Buy from Neutral. The London-based analyst also upped his price target on the stock to 29 euros, from 24 euros.

“Nokia has evolved into a new beast,” he writes. “Rivals have been contemptuously swept to one side, leaving Nokia as the undisputed king of the the jungle.

With a 1-2 year lead in many areas crucial to success in mobile phones, Nokia’s status as the handset gorilla deserves recognition in our valuation…the shares are cheaper than they were one year ago as estimates have risen by more than the share price.”

Windsor contends that Nokia “is now so far ahead of its competitors that there is very little that they can do to catch up in the short-to-medium term.” He notes that mark.... ...

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